Marc Therriault
Amortization length my two cents.
It seems to be everyone I talk to doesn't have the same mentality as me on this one. And I feel so right about it. If the bank told me I could have a 100 year term I would. I don't pay biweekly I don't do short 15 yea...
Sam Abe
Minor plumbing issue
Hi,
A week ago one of the houses I own had a plumbing issue at 1:00 am. We called the 24*7 plumbing and snaked the line immediately and later the next morning took care of changing the entire plumbing line up...
Jay Hinrichs
Advantages of first time buyer : Owner Occ plex as opposed to cash flow in out of area market
Advantages:1. choose your tenants by owner occupying your duplex or 4 plex your not subject to the national discrimination rules.. You can choose your tenants ( hand pick them) discard any for any reason..2. when yo...
Kasia Harmata
What am I doing wrong in my analyses?
Hi guys,
I’m relatively new to the world of multifamily real estate investment and I’m struggling to find any deals that come even close to making sense. In order for need to find cash flow in a given property, I oft...
Jonathan Vince
Heir is dragging feet on probate while property faces auction
I want to submit an official, legally legit offer to a person whose deceased parent left a property with heavy tax liens, and who never wrote a will. This person is the only child, and is apparently daunted by the pro...
Mike D.
Techniques to report Capital Improvements as Repairs
I will be closing on a 4 plex apartment building this month. Each unit in the building needs new windows and could use some updates to the kitchen and needs new carpet. IRS rules require that repairs, when done as par...
Lauren Heart
First time Bed Bugs!!! Tenant wants to sue! Advice anyone?
Hi BP Community!One of my SF in the Dayton, OH is reporting bed bugs. They moved in December 1, 2016 and just reported it to my PM this week. I know it wasn't infested 6 months ago, and I have always made repairs in...
Charles White
Advice for newbie, flip won't profit
Hello BP members,Here a newbie from WA that is in trouble. After studying for many months the possibility of buying a house through a foreclosure action I finally did it, and even though I knew about the risk and repe...
Roselynn Lewis
What could go wrong?
Say, I purchase a small distressed apartment complex for 500k that is valued at 600k. I renovate the apartment using an equity line (Is this a good idea, in terms of the source of funds?) My goal is to renovate the ap...
Ron Gallagher
Starting a "Group House" (Rent by the Room) Questions
Hi all,I am buying a massive 4 level row house in Washington DC and I will live in the basement apartment unit and rent out the six bedrooms available on the three upper floors. My questions are--1) Do you have the t...